According to the figures from the Securities Association of China, the assets under management and revenue earned by Chinese securities companies asset management businesses has grown dramatically from the 1h 2011 to the 1h 2013. The total AUM in the 1h 2013 is about 13.75 times of the figure in the 1h 2011, which reflects the thriving of client asset management business of securities companies in China.
One reason for that for the dramatic expansion is the demand from clients. As China has a growing number of high-net-worth individuals and the investment options are relatively narrow compared to western countries, asset management business provided by local securities companies are thought to be a good choice. Market analysts estimated that the figures will keep growing exponentially for the following few years; at least the current market is far below saturation.
|
Client asset management business of Chinese securities companies CNYbn |
|||||
|
1h 2011 |
2h 2011 |
1h 2012 |
2h 2012 |
1h 2013 |
|
|
Revenue earned by securities companies |
0.898 |
1.215 |
1.044 |
1.632 |
2.88 |
|
Total AUM |
248.673 |
281.868 |
480.207 |
1890 |
3420 |
Source: Securities Association of China, 2011-2013